Rewards

Best Credit Cards in Canada 2017

The best credit cards in Canada

Can there really be one single BEST credit card?

Most people would say "no".

I agree, there is no one size fits all ... but, there is a one size fits MOST.

I've been honing my credit card comparison system that tracks and ranks credit cards by 50+ features for nearly 7 years now. I'm not just comparing points or rewards either. I'm figuring out the true value of each different reward point or mile and combining that with all the other features, insurance, and perks that each card offers so cards can be compared apples to apples. The result is one simple score out of 5.

All the research has been done and all the numbers have been crunched and updated. Finally, there can be one true champion that is best for most Canadians in 2017.

Of course, the decision of whether the winner meets your needs is all yours ... but you won't find a better starting point than this. (Not sure what to pick? Take this short quiz and find out.) Keep reading » about Best Credit Cards in Canada 2017

Best Credit Cards For Gas Discounts 2017

Best credit cards for gas discounts

Although electric cars are on the rise, the majority of us car owners are still pumping gasoline into our vehicles and it continues to be a big line item in our monthly budgets.

We've been fortunate in recent years that prices have dipped under $1 per litre ... but prices have been steadily creeping up again even with the cost of crude oil being BELOW what it cost in 1974. That won't last forever!

Credit cards are one tool that can be used to get a sizeable discount on those gas purchases because many cards offer bonuses specifically aimed at gas purchases.

Here are the cards that will help keep your wallet happy: Keep reading » about Best Credit Cards For Gas Discounts 2017

Which Aeroplan Credit Card is REALLY Best?

The best Aeroplan credit cards

Air Canada just dropped a big bombshell by announcing that they are clipping Aeroplan's wings by removing it as their official rewards program in 2020.

Aeroplan was in fact an invention of Air Canada themselves but was first spun off as a separate company and then completely sold to Amia in 2008. Since then, they've walked hand in hand and have been practically indistinguishable from one another. That's about to change... but is it a good or bad thing for Aeroplan collectors?

There are no guarantees, but what is guaranteed is that this will create increased competition as Aeroplan works hard to keep the loyalty of its members and Air Canada wrestles to take them away. That fight is going to spill over into the credit card arena as well and you can expect sign up bonuses and perks to take off as we get closer to that date.

Through all of this, Aeroplan is committing to keeping your miles safe and allowing you to continue redeeming them for flights on Air Canada even after the 2020 deadline. What could change is the cost in miles for doing so. I expect the cost will increase substantially, so if you want to fly Air Canada or Star Alliance, you should try and redeem most of your miles before 2020.

Even though Air Canada flight rewards will likely become less desirable, that doesn't necessarily mean that Aeroplan will become less valuable overall. They will be working hard to find a good alternatives to Air Canada that won't get them universally panned by the critics and create a ton of bad press for them.

It's time to strap in, because this is going to be a bumpy and exciting ride!

Aeroplan Credit Cards Compared and Ranked for 2017

Who has the best Aeroplan branded credit card? Is it TD, CIBC, or American Express?

You might be surprised to find out that the top card for earning Aeroplan miles doesn't even have Aeroplan in its name. That's because there are several cards that allow you to earn points that can be transferred to Aeroplan miles that actually boosts the value of your rewards!

In all, 14 different Aeroplan credit cards have been compared and ranked in the table below from best to worst. Keep reading » about Which Aeroplan Credit Card is REALLY Best?

Which AIR MILES Credit Card Is Best For 2017?

The best AIR MILES credit card

AIR MILES has come under fire recently for the mismanagement of their expiry policy and the availability of desirable rewards for consumers. They eventually backtracked and cancelled their expiration policy entirely.

With all the bad press, they are trying harder than ever to please their customers and keep them informed. They've redesigned their website to make it easier to use, they're emailing program updates on a regular basis now, and they're beefing up their security as well to help protect your hard-earned miles from thieves.

That doesn't mean all the problems are gone - and whether or not you continue to collect AIR MILES is completely up to you.

But, if you are going to collect, you might as well choose a top AIR MILES credit card to help you earn and redeem that much faster.

AIR MILES Credit Card Comparison

Keep reading » about Which AIR MILES Credit Card Is Best For 2017?

Starwood Preferred Guest Program Review

Starwood Preferred Guest Program review

With the negative press Air Miles has received the past few months and now Aeroplan set to undergo major changes in 2020…

Many consumers are starting to rethink their travel rewards program.

Starwood Preferred Guest (SPG) is an incredibly flexible travel rewards program that allows consumers to earn “Starpoints” to use on either their next hotel stay or a plethora of other attractive rewards.

In fact, it’s my all time favourite travel rewards program that I once used to fly Maria and I to Paris for 10 days with most of the airfare and hotel expenses paid just with Starpoints.

Read on to find out why it’s so good:

SPG Membership Tiers

Keep reading » about Starwood Preferred Guest Program Review

Best No Fee Cash Back Credit Cards in Canada 2017

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Canadian banks love to gouge us with fees - even raising them while raking in record profits for themselves...

It's no wonder pretty much everyone hates fees!

I'm right there with you, I normally go out of my way to avoid fees too. I've been taking advantage of no-fee virtual banking basically since it began in Canada. I hopped right from a free student account into a no-fee President's Choice Financial account and have stuck with it ever since.

But, there are actually some times when it makes sense to pay a fee.

When dealing with cash back credit cards, simple math can show you if higher cash back rewards will cover the cost of a premium card's annual fee. If so, then it's absolutely worth it to pay the fee. Not only will you end up with more money in your jeans, but you'll also benefit from better insurance coverage and perks.

Even still, there are many people who want to completely avoid fees out of principal. Fees suck and you may even be worried that paying the fee will pressure you to overspend. If that's you, then this no fee cash back card analysis is just what you need.

Best Cash Back Credit Cards With No Annual Fee

Keep reading » about Best No Fee Cash Back Credit Cards in Canada 2017

Best Cash Back Credit Cards in Canada 2017

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You could be earning up to 3x the cash back by choosing the best cash back credit card compared to just walking into your bank and taking whatever one they offer you.

For example, if your family spends a reasonable $25,000 annually on credit, you would net $125 in cash after fees with the worst cards. The top ranked card on my list would earn you $411 every year - big difference, eh?

But, there's more than just max cash to consider...

You also need to think about annual fees, sign up bonuses, increased cash on purchases like gas and groceries, insurance coverage, and other perks. Not to mention subtle details like how the cash back is paid to you (statement credit, cheque, direct deposit), caps and tiers on your earnings, and how often the cash is paid out.

I've taken all these things into account - and more - with my unbiased ranking system. You won't find that anywhere else.

2017 Cash Back Credit Card Rankings

Keep reading » about Best Cash Back Credit Cards in Canada 2017

Best No Fee Travel Credit Cards in Canada 2017

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Finding a no fee travel credit card is kind of like finding life on Mars - it's hard and definitely takes some time...

The reason for that is annual fees are necessary to supply the increased rewards, insurance coverage, and perks that travel cards typically have.

While life on Mars is still being debated, fortunately Canadian no fee travel cards already have some life - but they may soon be on life support. There is an underserved need for this type of card though, especially if points and miles are brand new to you. Learning the ropes of travel rewards without the risk of high fees is valuable.

Once you've figured it all out though, then you'll want to graduate to a top tier travel credit card that racks up the rewards faster and gives way better perks.

Best Travel Credit Cards With No Annual Fee

Keep reading » about Best No Fee Travel Credit Cards in Canada 2017

Best Travel Credit Cards in Canada 2017

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Incredible reward value, comprehensive travel insurance coverage, one-of-a-kind perks, and jet-setting worry free across the globe. Those are the promises of top travel rewards credit cards.

It all sounds very dreamy - until you start trying to compare their complicated rewards programs and features side by side to decide which one is right for you.

I've removed all the hassle from finding the best card by comparing every travel card available on the Canadian market for you.

My comprehensive scoring system developed over the past 6 years uses more than 50 factors to rank cards from best to worst. You need only look at one simple score to know which card will give you the best overall value.

And, you'll be flying off to your next vacation hotspot much sooner than you think!

With the #1 ranked card, you can pocket $1,781 worth of Aeroplan reward flights in the first year if you spend $2,083 per month on the card on stuff you would be buying anyway. That number factors in points earned both from spending and the 25,000 point sign up bonus you automatically qualify for.

The best part?

It's all at no cost to you because the $150 annual fee is waived for the first year.

2017 Travel Credit Card Rankings

Keep reading » about Best Travel Credit Cards in Canada 2017

Free Gift Card Offers (Up To $100 To Popular Stores)

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I've been touting free gift card offers on this site for a long time now: see here, here, and here. Most of them have been a free $100 gift card to Amazon.ca or another popular Canadian store in return for applying for an awesome credit card that earns you even more free money in cash back or travel rewards.

These credit cards usually also come with no annual fee (at least for the first year) and sometimes a hefty points sign up bonus to boot. Then, after the first year, there is no obligation to continue with the card if you decide it isn't for you. It's really a fantastic deal and one I've taken advantage of several times myself.

Since this has become a pretty regular thing, I thought I should make a permanent page that lists legitimate free gift card offers that I am aware of and will continue to update at the beginning of every month.

Proof That It Works

Keep reading » about Free Gift Card Offers (Up To $100 To Popular Stores)

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